I see an economic diasater coming...

[triffid]

Everyone out there has a way for you to make millions.Just pay $99.50 for their newsletter per three months subscription rate.I get about 40 of those offers a month.I tried in the 1970s to make money off of silver and gold and stamps.No dice!!I would get into a financial bind and had to sell everything at a loss.Because the prices of everything I bought fell  soon after I bought it.I would have been better off by dumpster diving for gold scrap at 200-300 dollars an oz.And find a way to save fifty 55 gallon drums of it for 30 years.Hindsight is 20/20 and foresight is like looking through muddy water.What I see now is that I can still do some gold scrapping but not a lot of it.I am retired so the free time helps me a lot.I let a lot of free gold get by me.free for the asking and hauling and storage.I did make money in stocks later on.triffid

[triffid]

No sign of my squatters for two weeks but I will wait another week to see if they come around again before I cry victory?Due to increased lights and motion dectectors.Meanwhile back in washington DC SS was being threatened!
Fact #1. As recently as 2009, the Social Security Administration was predicting that the program would begin taking in less than it paid out in 2017.
Fact #2. Then, just one year later in 2010, the Social Security program took in less money than it paid out. (The first time since the 1980s.)
Fact #3. This annual shortfall was blamed on the poor economy â€" i.e. fewer employed people paying in and others choosing to retire early, thus increasing the amount of money being paid in benefits.
Fact #4. At the time, the Social Security Administration said it would only be a temporary slip and that a permanent state of deficits would actually begin in 2016. (Note revision from previous estimate.)
Fact #5. In 2011, the Congressional Budget Office came out and said that the Social Security program had already entered a permanent state of annual deficits. (Woops again.)
Have You Heard of the OTHER Government Backed "Pension Program?"
It's official, Social Security is heading for broke! But that doesn't mean you should miss out on the retirement you deserve ...
Most Americans know nothing about this, but a small, savvy group of retirees have been collecting from this OTHER Government backed "pension program" since 1972! Now income specialist Jim Nelson shows how you could too in a brand new presentation.
Click here to watch it instantly.
External Sponsorship

Fact #6. Despite the idea that Social Security had already reached a permanent state of underfunding, politicians decided to "stimulate the economy" by LOWERING the amount of money each employed American pays into the system in 2011 â€" from 6.2 percent of the first $106,800 in earnings down to 4.2 percent.
Fact #7. This change was said to be a temporary measure for the year 2011 only.
Fact #8. Last week, President Obama said we should further stimulate the economy and create more jobs by having working Americans pay even less into Social Security in 2012 â€" i.e. 3.1 percent vs. this year's already-reduced 4.2 percent and the previous full rate of 6.2 percent.
Fact #9. President Obama went one step further by proposing that American employers should also see their part of Social Security contributions slashed in half for the first $5 million in their payrolls for 2012. Please note that this year's reduction did NOT cover employers at all. They have continued to put in 6.2 percent on as much as $106,800 for each of their employees.
Fact #10. It was reiterated that these would be temporary measures, and lawmakers would totally offset the costs with new cost cuts by 2014. Yes, the same lawmakers who took us to the brink of default just a few months ago because they couldn't agree on cost cuts before this new proposal was in play.
All told, these new cuts to Social Security payments will total about $240 billion (out of the $447 billion proposed in Obama's jobs plan). So that's another quarter of a trillion dollars in retirement money we'll have to make up some other time, I guess.
You know, if it weren't such a serious topic, this would make for some great slapstick comedy. Can't you just imagine Abbott and Costello doing a little routine?
Abbott: "Okay, how do we fix Social Security?"
Costello: "Get more money into the system."
Abbott: "Great. How do we do that?"
Costello: "Simple. Create more jobs."
Abbott: "Okay, so how do we do that?"
Costello: "Just stimulate the economy, stupid."
Abbott: "Got it. Just one more question then. What would stimulate the economy?"
Costello: "Putting less money into Social Security, obviously!"
Please bear in mind that you can start the above dialogue at any point â€" with jobs, the economy, or the Social Security system's state of disrepair. It really doesn't matter because the circular logic will just keep taking you round and round all the same.
Seriously, It's Amazing Just How Bad
This Entire Situation Has Become!
Hey, I'm as glad as anyone to pay less into Social Security for as long as possible. (Or to join the Amish in opting out of the program entirely!)
At the same time, I recognize that the beast that Washington has created is now the retirement lifeblood for tens of millions of Americans. They paid their fair share into the system and are counting on getting their fair share back out.
So I simply have to shake my head at how far off the rails things are getting.
It was bad enough that Washington begged, borrowed and stole from the surpluses that had built up after the last major overhaul ...
It was worse that we were approaching systemic shortfalls going into the second decade of the new millennium ...
And it's absolutely appalling that we are now bankrupting the program even further with new legislation in the name of jump-starting the economy.
Sincerely,
Nilus
P.S. I hope you see why I continue to advocate for building your own personal nest egg comprised of my favorite dividend stocks and other private income investments. 



The Role of Sentiment in Currency Trading


Many factors come into play in determining currency prices. But Jack Crooks says that the market is driven by investor sentiment, which may not be based on fundamentals. He examines this factor and others in determining his trading strategy.
Click here to view [»]




Get paid thousands of dollars in extra bonuses all year long!
Click here to reveal a strategy that can virtually guarantee you dozens, even scores of not-so-small bonuses throughout the year â€" bonuses that add up to an even bigger raise in pay!
You'd better brace yourself, because you haven't seen anything yet.
New debt crisis is directly GUTTING the dollar and is already creating massive price INFLATION worldwide.
[More »]
Double-Dip Recession?
Ask anyone on Main Street if the U.S. economy ever came out of a recession. Larry Edelson doubts you'll find more than one out of every five Americans ...
[More »]
You Can Profit as Bernanke Drives Gold Through the Roof!
Rumors are echoing in the corridors of power in Wall Street and Washington â€" whispers about Fed Chairman Ben Bernanke's secret plan for interest rates. The Fed pledged to keep ...
[More »]
Vermont's Home Owners Catch a Lucky Break!
Residents of Vermont should be able to count on their homeowners insurance to pay claims for damage caused by Hurricane Irene. Why? Because despite the devastation ...
[More »]
2008 All Over Again?! Or Worse
Years ago, Dad and I often talked about the circular nature of history â€" the Crash of '29 and the Crash of '87 ... the Florida land boom of the '20s and the real estate bubbles of later years ...
[More »]




Internal Sponsorship





UNCOMMON WISDOM
Double-Dip Baloney ...
by Larry Edelson


Not for nothing, but in my view all this talk about a double-dip recession in the U.S. is a bunch of baloney that misses the real issue ...
[ More » ]





Internal Sponsorship


MoneyandMarkets.com
UncommonWisdomDaily.com
WeissRatings.com
WeissWatchdog.com
WeissResearchIssues.com
Have comments? Tell Us!

About Money and Markets
For more information and archived issues, visit http://www.moneyandmarkets.com
Money and Markets is a free daily investment newsletter published by Weiss Research, Inc. This publication does not provide individual, customized investment or trading advice. All information is based upon data whose accuracy is deemed reliable, but not guaranteed. Performance returns cited are derived from our best estimates, but hypothetical as we do not track actual prices of customer purchases and sales. We cannot guarantee the accuracy of third party advertisements or sponsors, and these ads do not necessarily express the viewpoints of Money and Markets or its editors. For more information, see our Terms and Conditions. View our Privacy Policy. Would you like to unsubscribe from our mailing list? To make sure you don't miss our urgent updates, just follow these simple steps to add Weiss Research to your address book.
Attention editors and publishers! Money and Markets content may be republished with a link to the full story on MoneyandMarkets.com. Such republication must include attribution with a link to the MoneyandMarkets home page as follows: "Source: http://www.moneyandmarkets.com"
Weiss Research, Inc. | 15430 Endeavour Dr. | Jupiter, FL 33478 | 1-800-291-8545



Reply Forward


People     

Money and Marketseletter@e.moneyandmarkets.com»
do-not-replydo-not-reply@e.moneyandmarkets.com»

[triffid]

So what the hay?SS is a fifth of the federal budget and now Obama wants to cut revenues to SS?
Why not stop our foreign wars and get rid of the debt to the federal reserve?Why do we want to rule the world?Why do we send our young men and women off to war to die and get injured?I saw this in the 1960s.
Do your duty Serve your country I was told this when I was 18 yo.By well meaning people.I said I wanted to go to college so they left me alone and I went.To college on a deferment from the draft the first year then after that they went on a lottery system that I never got called on.In 1975 that war ended.No more draft at that point.triffid

[triffid]

Want to put your money in Canada?  http://cdndrips.blogspot.com/  triffid

[Justsomeguy]

I wonder how all of this will affect the Amish.